More and more consumers are looking for the guarantees and income provided by fixed annuity products as part of their retirement strategy, and the proof is in the pudding! The growth of Fixed Indexed Annuities (FIAs) continued in the third quarter of 2014. Our friend and industry thought leader Sheryl Moore’s report showed that 3rd quarter indexed annuity sales were $11.488 billion, compared with $10.050 billion in Q3 2013 (up 14% year to year).

For the year-to-date period in 2014, total FIA sales have been $34.9 billion. The industry is well on track to grow 15-20% this year. It is a great time to be in the business of helping people address their retirement income concerns. The work that you do as a licensed agent or advisor is valuable to your clients and their retirement security, so be proud of the products that you sell.

This quarter, the top carriers continued to include: Allianz (#1 with 26% market share); American Equity (moved up to #2), while Great American (#4) and F&G (#6) showed the most growth. The top-selling products included the Allianz 222 and Allianz 360 and the Bonus Gold from American Equity. At Tarkenton Financial, we work extensively with each of these top companies and their full line of products – and it’s clear why certain carriers and products continue to lead the industry, as well as why other carriers are experiencing a surge in their sales. Click here to read the full market report from WINK.

Do you want or need to know the most appropriate products for: Income today? Income in 5 years? Accumulation? Death benefit or living benefits? Our Product Support team (Brendan, Jenn, Rebecca and Tyler) is always available at 800-659-4942 to help you with your individual cases. Please call us any time! We look forward to helping you design your next case.